Purchase of a freehold residential property

Our fees cover all of the work required to complete the purchase of your new home, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property you wish to buy is in Wales.

Our Legal fees are as per the table set out below:

Conveyancing Costs – November 2018

PROPERTY PRICE PURCHASE
Up to £100,000 £600.00 plus VAT
£100,001 - £175,000 £650.00 plus VAT
£175,001 - £250,000 £775.00 plus VAT
£250,001-£300,000 £850.00 plus VAT
£300,001-£400,000 £925.00 plus VAT
£400,001-£500,000 £1000.00 plus VAT
£500,001-£600,000 £1100.00 plus VAT
£600,001-£700,000 £1,200.00 plus VAT
£700,001-£800,000 £1,300.00 plus VAT
£800,001-£900,000 £1,400.00 plus VAT
£900,001-£1,000000 £1500.00 plus VAT

For any prices over £1,000,000.00 please contact us for a bespoke quotation.

  • Case management fee to be applied to all sales/purchases - £20.83 plus vat.
  • Please note - there is an additional £100 plus vat to be added to the above fees for a leasehold property and there is an additional £150 plus vat to be added to the above feeds for a leasehold flat.
  • Search fees - £200.00 (typically for a property in the Wyre Forest area but these can vary)
  • HM Land Registry fee for registering a property - please see table as set out below:
Value or amount (£) Fee (for transfers of whole and other dealings of whole applications submitted electronically) Fee (all other scale 1 applications)
0 - 80,000 £20 £40
80,001 - 100,000 £40 £80
100,001 - 200,000 £95 £190
200,001 - 500,000 £135 £270
500,001 - 1,000,000 £270 £540
1,000,001 and over £455 £910

ADDITIONAL FEES TO BE ADDED TO THE ABOVE (AS APPLICABLE)

Properties located in London £150.00 plus VAT
Help to Buy ISA (at least £1,500 in ISA) £50.00 plus VAT - Per ISA
Help to Buy Scheme (ORBIT) £250.00 plus VAT

NON STANDARD TRANSACTION FEES

Shared Ownership Purchase/Sale – Wyre Forest £725.00 plus VAT
Shared Ownership Purchase/Sale (non -Wyre Forest) £825.00 plus VAT

Stamp Duty or Land Tax (on purchase) – This would be payable on top of the fees above and is paid electronically by us on your behalf after completion of your purchase.

This depends on the purchase price of your property. You can calculate the amount you will need to pay by using HMRC's website or if the property is located in Wales by using the Welsh Revenue Authority's website here.

A case study purchase quote example would be:

Purchasing a registered, freehold property for £200,000.00 the costs involved would be

Our costs: £775.00 plus VAT

Disbursements:

Disbursements are costs related to your matter that are payable to third parties, such as Land Registry fees. We handle the payment of the disbursements on your behalf to ensure a smoother process.

Case Management £25.00 (including VAT)

Search fees of approximately £200.00 (including VAT)

Land Registry fees - £95.00

Stamp Duty Land Tax - £1,500.00

Overall Total (including VAT and disbursements) £2,595.00

Purchase of a Leasehold residential property.

Our fees cover all the work required to complete the purchase of your new home, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property is in Wales. These fees vary from property to property. We can give you an accurate figure once we have sight of your specific documents.

You should also be aware that ground rent and service charge are likely to apply throughout your ownership of the property. We will confirm the ground rent and the anticipated service charge as soon as we receive this information.

Stamp Duty Land Tax – this is set out above and again, is the same as a freehold purchase.

Sale of a freehold residential property (fees)

Our fees cover all of the work required to complete the purchase of your new home, including dealing with registration at the Land Registry and dealing with the payment of Stamp Duty Land Tax (Stamp Duty) if the property is in England, or Land Transaction Tax (Land Tax) if the property you wish to buy is in Wales.

Our Legal fees are as per the table set out below:

PROPERTY PRICE SALE
Up to £100,000 £550 plus VAT
£100,001 - £175,000 £650 plus VAT
£175,001 - £250,000 £725 plus VAT
£250,001 - £300,000 £800 plus VAT
£300,001 - £400,000 £875 plus VAT
£400,001 - £500,000 £950 plus VAT
£500,001 - £600,000 £1050 plus VAT
£600,001 - £700,000 £1,150 plus VAT
£700,001 - £800,000 £1,250 plus VAT
£800,001 - £900,000 £1,350 plus VAT
£900,001 - £1,000000 £1,400 plus VAT

For properties over £1,000,000.00 please contact us for a bespoke quotation.

Disbursements for sale matters are likely to be:

Index Map Search fees (approx.) £4.00

Land Registry Official Copies (approx.) £6.00

Re-mortgage (extra as above if leasehold or freehold charge involved)

£300.00 plus VAT

(if Painters acted in the purchase)

£400.00 plus VAT

(all others)

There are sometimes matters which arise during the course of a purchase/sale that may cause an extra charge to be levied. Please see the table below for a list of the instances which may arise:

Tariff of Additional Charges

This Tariff and guide has been prepared to explain the additional services that may fall outside work associated with a residential property sale or purchase.

While post additional services are not generally needed for a standard sale or purchase. If extra work is needed then it will be charged for in accordance with the following details:-

Defective Title (including flying freehold)

If in the course of selling or buying your property a defect is identified then a fee will be charged for the additional work in rectifying this. A quotation can be given once the nature of the defect has been established.

Defective Title Insurance Policy

If a title defect has been identified and an insurance policy is taken out to protect against future liability then the fee for the legal work involved will be £40.00 plus VAT

Statutory Declaration

If during the sale or purchase it is necessary for us to prepare a statutory declaration then the fee for the legal work in preparing a document will be £100.00 plus VAT

Handling or Registering a Restriction or Caution

If there is a title restriction registered or to be registered against your property or against the property you are buying the fee for the legal work in complying with it will be £65.00 plus VAT

Deed of Covenant

If a deed of Covenant is required when you sell or buy your property the fee for the legal work for preparing it will be £100.00 plus VAT.

Third Party Solicitors/Managing Agents

If during the transaction we need to deal with another firm of Solicitors, the fee for the legal work involved in those dealings will be £100.00 plus VAT

Deed of Grant

When a property lacks rights for proper use and enjoyment (eg any access) and it is necessary for a deed to be prepared to correct this, a quotation can be given once the nature of the additional documentation has been established.

Multiple Titles

If the property you are selling or buying has more than one registered or unregistered titles the fee for the additional legal work in dealing with those titles will be £75.00 plus VAT.

Multiple Sellers

If there is more than one Seller we have to deal with at different addresses then there will be an additional charge of £75.00 per person plus VAT.

Multiple Sale Contracts

If you sell your property and instruct us to send out more than one set of contracts to prospective buyers a quotation can be given once the nature of the extra work has been established.

Redemption of Mortgages

If there is a mortgage on a property for you are selling there will be a mortgage discharge fee of £20.83 plus VAT payable

If you have more than one loan on the property you are selling we will be required to clear the additional loan on completion and the fee for the additional legal work involved in dealing with each additional loan on completion will be £75.00 plus VAT

Declaration of Trust

If you ask us to prepare a Declaration of Trust to record unequal contributions made in the purchase of your property then the fee for the additional legal work will be £250.00 plus VAT

Unregistered Titles

If the property you are buying or selling has not been registered with the Land Registry, the fee for additional legal work undertaken with the unregistered title will be £75.00 plus VAT.

Completion

Most Lenders require us to give them a minimum of 5 working days’ notice when requesting the transfer of mortgage funds. The request is normally given after contracts have been exchanged. Consequently, if there is less than 5 working days between exchange and completion we reserve the right to charge a fee for the additional legal work involved in completing the transaction at short notice which will be £75.00 plus VAT.

Deed of Postponement

If in the course of a purchase or re-mortgage transaction it becomes necessary to prepare a deed of Postponement or Deed of Priority, then the fee for the legal work involved will be £75.00 plus VAT.

Retrospective Consent

If in the course of selling or re-mortgaging your property it becomes necessary to obtain retrospective consent for e.g. extensions or alterations (under an earlier covenant) then the fee for the legal work involved in obtaining retrospective consent will be £75.00 plus VAT.

Frequently asked Questions:

How long will my house sale/purchase take?

How long it will take from your offer being accepted until you can move will depend on a number of factors. The average process takes between 12-16 weeks.

It can be quicker or slower, depending on the parties in the chain. For example, if you are a first time buyer, purchasing a new build property with a mortgage in principle, it could take 3 weeks. However, if you are buying a leasehold property that requires an extension of the lease, this can take significantly longer, between 4 and 6 months. In such a situation additional charges would apply.

Stages of the process

The precise stages involved in the purchase of a residential property vary according to the circumstances. However, below we have suggested some key stages that you may wish to include:

  • Take your instructions and give you initial advice
  • Check finances are in place to fund purchase and contact lender's solicitors if needed
  • Receive and advise on contract documents
  • Carry out searches
  • Obtain further planning documentation if required
  • Make any necessary enquiries of seller's solicitor
  • Give you advice on all documents and information received
  • Go through conditions of mortgage offer with you
  • Send final contract to you for signature
  • Agree completion date (date from which you own the property)
  • Exchange contracts and notify you that this has happened
  • Arrange for all monies needed to be received from lender and you
  • Complete purchase
  • Deal with payment of Stamp Duty/Land Tax
  • Deal with application for registration at Land Registry

Estate Administration

The exact cost for administering a deceased person's estate will depend entirely on the individual circumstances of the matter and the amount of work we are required to undertake on your behalf.

For example, costs will be lower if there is a valid Will, no more than one property, no more than two bank or building society accounts, one or two beneficiaries, no disputes between beneficiaries, no claims against the estate, no Inheritance Tax payable and the executors do not need to submit a full account of the estate to H.M. Revenue & Customs.

Costs are likely to be higher if there is no Will, if the estate holds any stocks and shares, if there are any foreign assets, or if Inheritance Tax is payable.

We will be able to give you a more accurate quote once we have more information. As a guide, however, please refer to our Client Care and Costs Information letter for the administration of estates which can be viewed here.

Private Client - Fixed Costs menu

Please note the following regarding all fixed costs stated below:

  • All prices are starting from. Once we have met with you and have taken full instructions, our costs for dealing with your matter may be more than that stated below if additional work is required or if the matter is more complex than usual. For example, if a letter of wishes needs to be prepared, in addition to your Will, then additional charges may apply.
  • All prices are exclusive of VAT. VAT will be added at the current rate (presently 20%)
  • If we are required to meet with you away from the office (for example, at your own home), then additional charges may be made.
  • Travelling expenses are charged at 45p per mile plus VAT (total 54p per mile).
  • *The fixed fee for grant only applications: this is only for estates that are not taxable; where an IHT205 form (only) is required to be completed and where all necessary information (and evidence thereof) relating to the assets and liabilities of the estate has been ascertained by you. All other cases will be dealt with in accordance with our hourly rate (see our administration of estate client care/costs letter)
£
General advice fixed fee meeting (lasting not more than one hour) 200.00
e.g. general advice concerning care fees, general advice regarding administration of a deceased estate
Wills
Will for an individual 250.00
Wills for a couple (“mirror” wills) 400.00
Wills which include Trust provisions (individuals) 500.00
Wills which include Trust provisions (couples) 800.00
Deed of Severance
Relating to land, includes updating title at Land
Registry (where applicable) 200.00
Grant only application (for deceased estates)*
IHT205 (no tax to pay) 750.00
IHT400 (no tax to pay) 1,500.00 to 4,000.00
General Power of Attorney 150.00
Lasting Powers of Attorney (LPA)
Property and Financial LPA (individual) 500.00
Property and Financial LPA (couple – 2 people) 800.00
Health and Welfare LPA (individual) 500.00
Health and Welfare LPA (couple – 2 people) 800.00
Property and Financial LPA AND Health and Welfare LPA (individual) 800.00
Property and Financial LPA AND Health and Welfare LPA (couple – 2 people) 1,600.00
Registration of an Enduring Power of Attorney 500.00
(provided the matter does not turn contentious)
Solicitor certified copy of a document (per copy) 20.00

We offer 30 minutes free advice on all family matters, please ask for more details when making your appointment.